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Adidas issued 10-year, 11% bonds with a par value of $110,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adidas
Adidas issued 10-year, 11% bonds with a par value of $110,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adidas received $116,855 in cash proceeds. Which of the following statements is True? Adidas must pay $110,000 at maturity plus 20 interest payments of $5,500 each. Adidas must pay $110,000 at maturity plus 20 interest payments of $6,050 each. Adidas must pay $110,000 at maturity and no interest payments. Adidas must pay $116,855 at maturity plus 20 interest payments of $6,050 each. Adidas must pay $116,855 at maturity and no interest payments
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